What signals does DOGE on-chain data reveal? Holders are at a 36% loss, and analysts suggest selling on a rebound.

【Crypto World】Recently, Dogecoin has been quite a hot topic, with Reddit giveaways and community discussions driving increased participation. Bitcoin, Ethereum, ZCash, and others are also riding the wave. But digging into on-chain data reveals some interesting insights——Santiment’s indicators show that the DOGE network is currently in a phase of large-scale accumulation. The Mean Coin Age is rising, indicating that early holders are hoarding rather than selling, which is a bullish signal.

The Age Consumed indicator has remained relatively stable since mid-November, suggesting that selling pressure is indeed easing. It looks like some investors are quietly positioning themselves. However, there’s a sobering piece of data: the MVRV ratio is still near its six-month low, meaning the average holder is currently facing an unrealized loss of 36%. Many are trapped in their positions.

Regarding price, DOGE has been fluctuating between $0.122 and $0.133, with no clear breakout signals technically. Some analysts warn that even if the price rises to $0.135, it doesn’t necessarily mean a trend reversal. Instead, they advise everyone to stay cautious—if a rebound occurs, be prepared to take profits promptly. After all, the data is there, but market sentiment hasn’t fully shifted yet.